That sucking sound you just heard is $700 million in taxes being pulled out of your wallets for more Democrat government spending.
The Detroit Free Press: Michigan's income tax rate can rise in 2024, judge says
A Court of Claims judge this week dismissed a lawsuit from Republican state lawmakers and business advocacy groups asking that the default income tax rate in Michigan remain at 4.05% instead of 4.25%.
Barring a successful appeal, that likely clears the way for the state's income tax rate to return to 4.25% for the 2024 tax year, a change expected to bring about $700 million more into Michigan's general revenue fund.
That was Judge Elizabeth Gleicher, who tends to rule for the Dems, and here she nullified one of the words in the statute, making the tax decrease for one year only rather than it properly being the baseline under the law subject to being raised by further legislation.
But not to worry, that revenue will be used to bribe you to buy electric cars and to benefit Democrat-supporting unions in this state:
Yahoo News: Michiganders could save up to $2,500 on a new car under Whitmer rebate proposal
Whitmer's latest proposal for a state tax rebate lowers cost based on the type of vehicle purchased:
$2,500 for a new battery electric or hybrid vehicle made in a unionized facility
$2,000 for a new battery electric or hybrid vehicle made in a non-unionized facility
$1,500 for a new internal combustion vehicle made in a unionized facility
$1,000 for a new internal combustion vehicle made in a non-unionized facility
So a nice boost to push people to buy union-made cars, and electric ones as well, and a rebate to new car buyers at the expense of, and paid for, by everyone else in this state that likely would have preferred top keep their money in their pocket rather than for these Democrat-agenda-driven rebates.
A $700 million tax increase is quite the Grinch move there.